Represent an agency
Life license (representing a agency)
Find everything you require to apply for a Life license to represent a licensed agency as an agent
- Must be recommended/approved by a licensed insurance company; life licenses are not approved by the DR of the business.
- If you are applying to represent a business, your license must be recommended by the same insurer that has recommended the license for the same class of license for the business.
- Must provide a current criminal check that was conducted within 3 months from AIC receiving the approved application.
- Must have an Errors & Omissions policy issued by a licensed insurer in Alberta that meets the terms and conditions approved by AIC; the policy must be issued in the name of the business and provide coverage for the employees and independent contractors of the business who hold certificates of authority
Other important details:
- If the license is to be issued in the name of a business (agency), the agency must be licensed in Alberta before you may apply to represent that agency. You must comply with Insurance Act requirements that you carry on business in Alberta in the business name in which you are licensed.
- If you wish to represent more than one business, you are required to obtain a separate license for each business you intend to represent. You will be required to comply with the duty of disclosure requirement set out in section 491 of the Insurance Act.
- Multiple Life licenses must be recommended/sponsored by the same insurance company.
- You cannot hold a Life license as a direct employee of the insurer and also be issued another license for the same class of license to represent a different insurer or business.
Please review the requirements for certification and the Applying for a license FAQs for more information.
On behalf of the Industry Councils, AIC issued Notices to the Profession regarding Potential Occupations at Conflict with Duties of an Insurance Intermediary and Voluntary Undertaking Agreements.
It is important that all individuals intending to take an insurance qualification course, register for an insurance exam, or apply for a license—especially those who currently hold another occupation—read these notices as they contain important information about criteria that may result in processing delays for applications or the denial of a license.
These notices apply to all individuals seeking to receive, renew, reinstate, or retain a license. For more information, visit Understanding Voluntary Undertaking Agreements.
The educational requirements for new applicants applying for a Life license have 2 steps:
1. Being certified for the LLQP program by an approved course provider.
- The LLQP (Life License Qualification Program) is an educational prerequisite to qualify to write the provincial LLQP exams
- A LLQP certificate is only valid for 12 months.
2. Writing and passing the following LLQP exams within 12 months of being certified by the course provider:
- Life Insurance
- Segregated Funds and Annuities
- Accident and Sickness Insurance
- Ethics and Professional Practice
Note: If an individual re-applies within 24 months (2 years) from the last time they last held an active license in the same class, they are exempt from re-qualifying for and re-writing the exams. The AIC must receive paid and approved applications within those 24 months.
If you are a resident of Alberta:
AIC must either:
- receive your paid and approved Life application within 12 months of passing the provincial LLQP exams
or
- receive proof of passing, within 12 months, the LLQP exams with another Canadian insurance regulator. (Ensure you attach a copy of the official transcript under question 3 of your application.)
Note: AIC does not accept LLQP exam marks results from Durham College.
If you are a non-Alberta resident or new to Alberta:
An individual is eligible to apply for a Life license as a non-resident of Alberta without having to write and pass our provincial exams if they hold an active license that is equivalent to Alberta’s.
If you are new to the province and have held an insurance license from another home jurisdiction equivalent to Alberta’s within the last 12 months of AIC receiving your approved and paid application, you may be eligible for a license without having to write and pass our provincial exams.
$95
Met all the above requirements? Log in with your CIPR number to the AIC Portal to complete an application.
FAQs
- Log into the AIC Portal with your CIPR# or email address and password.
- Click the green “Active Licenses” button.
- Click “Apply for a License” in the top right of the screen.
- Select I am applying for “myself.”
- Select the license class as per your sponsorship contract (e.g. life agent):
- Under the “business name” field, enter the name of the agency you’re applying to represent by typing the business name and selecting from the drop-down menu.
- Fully complete each section of the application.
- Read and answer all questions from 1 to 10. If any questions are answered “yes,” enter the information in the box provided and provide an attachment (if required).
- Click “Save Application” after each section as you complete your application.
- Under the payment option, select “you are paying”; the fees will automatically be added to an invoice. We only accept Visa or Mastercard as payment methods and do not accept Visa Debit or Mastercard Debit payments.
- Once the application is complete, click the green “Submit Application” button at the bottom of the application and a declaration box will pop up for you to complete.
- Once approved by the sponsoring insurance company and the fees have been paid, the application will be submitted to the Alberta Insurance Council for final review.
Note: A current criminal check will not be required if you are reinstating a license (re-applying in the same term).